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Shares of Nvidia Corp. shot up 3.5% in morning trade Tuesday, after the company said it will supply its artificial intelligence-focused graphics processing unit (GPU) hardware to several of China's largest cloud-computing providers and server-hardware manufacturers. Speaking at a GPU Technology Conference in Beijing, Nvidia Chief Executive Jensen Huang said late Monday the technology giants included Alibaba Group Holding Ltd. , Baidu Inc. and Tencent Holdings Ltd. . Nvidia's stock rally follows a five-session losing streak, the longest such stretch since January, in which it tumbled 8.9% from a record close of $187.55 on Sept. 18. The stock has still run up 16% over the past three months, while the PHLX Semiconductor Index has climbed 5.2% and the S&P 500 has gained 2.6%.

Major exchange-traded funds that track emerging market stocks rose to multi-year highs on Monday, extending a rally that has made them among the strongest regions in the equity market this year. The iShares MSCI Emerging Markets ETF rose 0.8% to $45.95, its highest level since mid-2011, according to FactSet data. The day's rise took the ETF past a high that has stood since 2014. Among its biggest components, Alibaba Group Holding rose 1.4% while Baidu Inc. was up 0.8%. Separately, the Vanguard FTSE Emerging Markets ETF rose 0.5% on Monday, hitting its highest level since 2014. The iShares fund is up 31.2% thus far this year, while the Vanguard ETF, which tracks a different index, is up 26.5%.

U.S. stocks are mixed early Thursday, treading water amid Hurricane Irma’s approach, and as investors digest hawkish European Central Bank policy language. In the process, the S&P 500 is vying for a sixth straight close atop trendline resistance against a modestly stronger early-September technical backdrop.

Chinese search giant Baidu Inc. has bounced back from a medical scandal that dragged down earnings, posting its first profit increase in three quarters. The Beijing-based company, which has shifted its strategy to focus on its mobile app and artificial-intelligence growth drivers, reported an 83% profit increase to 4.42 billion yuan ($655 million) for the second quarter over the year-earlier period.

American depositary receipts of Baidu Inc. rose more than 7% late Thursday after the company reported second-quarter adjusted earnings and sales above Wall Street expectations. Baidu reported net income of $651 million, or $1.67 a share, in the quarter, compared with 95 cents a share in the year-ago period. Adjusted for one-time items, Baidu earned $2.36 a share, compared with $1.16 a year ago. Revenue rose 14% to $3.08 billion, the company said. Analysts polled by FactSet had expected adjusted earnings of $1.44 a share on sales of $3.06 billion. Baidu said it expects revenue of $3.4 billion to $3.5 billion for the third quarter. The analysts surveyed by FactSet peg sales at $3.4 billion in the quarter. The ADR ended the regular trading session down 0.1%.

Shares of Baidu Inc. rallied 3.2% in premarket trade Wednesday, after the China-based internet search company announced a partnership with chipmaker Nvidia Corp. expand artificial intelligence-based offerings. Nvidia's stock climbed 1.1%. Baidu said it will use Nvidia chips to power its cloud offerings and to develop self-driving cars, and will use its DuerOS conversational AI system to help bring Nvidia's Shield TV to the Chinese market. "Our collaboration aligns our exceptional technical resources to create AI computing platforms for all developers--from academic research, startups creating breakthrough AI applications, and autonomous vehicles," said Ian Buck, Nvidia's general manager of accelerated computing. Baidu's stock has rallied 9.5% year to date through Monday, while Nvidia shares have shot up 30.5% and the S&P 500 has gained 8.5%.

Jul. 5, 2017 at 8:13 a.m. ET

by Tomi Kilgore

Nvidia, Baidu partner in AI-based offerings, including self-driving vehicles and home assistants

Nvidia, Baidu partner in AI-based offerings, including self-driving vehicles and home assistants

Chinese regulators said they hit operators of three of the country’s biggest social-media platforms with the maximum fine allowable under a new cybersecurity law for hosting fake news and other forms of banned content.

China’s internet companies touch more aspects of people’s lives than any other sector. But they’re ill-prepared for the expectations of social responsibility that come with their influence and power, say industry experts and social activists.

For years, tech stocks in Asia have risen and fallen by the release cycles of Apple’s iPhone. Now, a new type of product is creating a similar buzz among investors who see a ‘smartphone moment’ in smart speakers.

Chinese internet company Tencent reported a 70% surge in profit, buoyed by revenue from ‘Honor of Kings’ and other mobile games; triple-digit growth in payment services; and an increase in online advertising.

Chinese regulators said they hit operators of three of the country’s biggest social-media platforms with the maximum fine allowable under a new cybersecurity law for hosting fake news and other forms of banned content.

When investors hear that one of the world's top credit ratings agencies has issued a sovereign downgrade of one of the world's biggest nations, it tends to bring more than just some attention. On Thursday, Standard & Poor's issued a sovereign credit rating downgrade for China. The issues behind the downgrade may look harsh or [ ]

China’s internet companies touch more aspects of people’s lives than any other sector. But they’re ill-prepared for the expectations of social responsibility that come with their influence and power, say industry experts and social activists.

Baidu Inc. ADR

Baidu, Inc. operates as an internet search provider, which offers internet search solutions and online marketing solutions. The firm operates as an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. It operates through the following segments: Search Services, Transaction Services and iQiyi. The Search Services segment includes the traditional search engine related businesses such as auction-based P4P services and display-based online advertising services. The Transaction Services segment includes the newly developed internet businesses such as services provided by Baidu Nuomi, takeout delivery services and other online-to-offline services. The iQiyi segment engages in the online video business. The company was founded by Yanhong Li and Xu Yong on January 18, 2000 and is headquartered in Beijing, China.
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